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Fed deeply divided on December rate cut, minutes show
The October meeting minutes of the Federal Reserve reveal sharp disagreement among policymakers over a possible December rate cut.
While many officials still see further easing as broadly appropriate, several others argued it may be premature given persistent inflation risks. Some members said they could support a cut if conditions evolve favorably, but a significant group favored holding rates steady through year-end, citing limited labor market data due to a government shutdown.
Tags:
- economy
- us
Explore:Mutual Fund Screening
neutral
Fed deeply divided on December rate cut, minutes show
The October meeting minutes of the Federal Reserve reveal sharp disagreement among policymakers over a possible December rate cut.
While many officials still see further easing as broadly appropriate, several others argued it may be premature given persistent inflation risks. Some members said they could support a cut if conditions evolve favorably, but a significant group favored holding rates steady through year-end, citing limited labor market data due to a government shutdown.
Tags:
- economy
- us
Explore:Mutual Fund Screening
Breaking
neutral
Fed deeply divided on December rate cut, minutes show
1 min read
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Fed officials are split on a December rate cut, torn between inflation risks and soft labor data.
The October meeting minutes of the Federal Reserve reveal sharp disagreement among policymakers over a possible December rate cut.
While many officials still see further easing as broadly appropriate, several others argued it may be premature given persistent inflation risks. Some members said they could support a cut if conditions evolve favorably, but a significant group favored holding rates steady through year-end, citing limited labor market data due to a government shutdown.
The October meeting minutes of the Federal Reserve reveal sharp disagreement among policymakers over a possible December rate cut.
While many officials still see further easing as broadly appropriate, several others argued it may be premature given persistent inflation risks. Some members said they could support a cut if conditions evolve favorably, but a significant group favored holding rates steady through year-end, citing limited labor market data due to a government shutdown.
Tags:
- economy
- us
- economy
- us
- fed
- interest_rates
- policy